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John R Hampton

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    Less friendly Scotia Bank

    in Banking, Currency, Safety Deposit Boxes, etc.

    Posted · Edited by John R Hampton
    Systocality

    The transfer of US dollars to Scotia Bank will become considerably more expensive as of February 1st.

    Deposit checks written on US bank accounts will no longer be accepted but will require formal Wire Transfers (at a Scotia fee of $30 on top of a $50 originating bank fee).

    Instead of waiting 21 days for funds (a form of 'kiting') they will become available 'next day' - - - little comfort for those who saw Scotia as welcoming bank to expats.

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